Brent and WTI crude oil rises in price against the background of the news from Iran

On Monday morning,
Brent crude oil grades and
WTI rise
in the price. The event that pushed to an increase in
prices – a message from Iran about
that the country is going to take action,
to prevent a further fall in
prices. It is reported by Bloomberg.

Fchersy oil brandBrent Monday to 9:55 MSK on growing inprice – up to $ 86.27 per barrel. On Friday,
close of trading it was trading at
at $ 90.21 per barrel.

At the same time futures
oil brand WTI rose in price to
$ 82.46 per barrel,
and continues to recover.

News from Iran
inspired traders and investors,
because as the President of Iran Hassan Rouhani
He instructed the Ministry of Oil to apply
to the “oil diplomacy” to stop
falling prices. It is reported by state
news «Mehr». Recall that
October 16, Saudi Arabia, Kuwait
We began to reduce oil production in
Khafji field. Countries fear
it is a neutral field may
threaten the environment. production volumes
oil have been in this field about
300 th. Barrels per day.

In general, the mood
investors to riskier assets
improved – said CMC Markets analyst
Sydney Rik Spuner. “The negative trend
the market remains, and the rise in prices
It is a correction"- adds
he.